For the past two weeks, many of our members from the Truly Rich Club and OFW UsapangPiso groups have been asking whether it is good to invest in preferred shares being offered by Globe Telecoms. And there were a handful of questions as to what are the differences between common shares and preferred shares since the latter sounds relatively alien to them as new investors.
Most new investors are familiar only about earning through investing in common shares as this what they initially learned from seminars or from other online resources. But common stock investors should also know is that investing in preferred shares is another way to earn in the stock market. Continue reading
What is the New Rich Society?
The New Rich Society is an online learning series about creating multiple sources of income.
Its focus is to help Filipinos discover and learn different ways to make money, so they won’t have to rely on just their job salary. Continue reading
Posted in Business, Community, Education, Investing, Life Lessons, Motivation, Personal Finance, Saving
Tagged how to become new rich, new rich mentors, the new rich philippines, what makes one new rich, who is the new rich
How much do you really to retire and enjoy the fruits of your hard work all your life? The answer may be a bit complicated as there are several factors and variables that you need to consider when computing or estimating it.
Before reaching that retirement goal, factors such as your financial capacity to save, knowledge of investment options, and your target year to retire should be considered.
Our lead trainer at Angat Pilinas Coalition for Financial Literacy, Alvin Tabañag, will show us the faster way to estimated the required amount of moolah for a retirement fund in this guest post today. Continue reading
Posted in Education, Guest Post, Investing, Life Lessons, Personal Finance, Saving
Tagged how much to save and invest to retire, how to know right amount for retirement, how to save for retirement, percentage to save, retirement table, save and invest from salary
iACADEMY School of Continuing Education (iSCE) is pleased to welcome its new Executive Director, Mr. Jordan Imutan, who took the lead last July 2014. A seasoned professional whose career spans over two decades of industry innovation and excellence in the IT field, Mr. Imutan now tries to share his learnings and experiences through iSCE in the service of education.
As iSCE’s new leader, Mr. Imutan envisions different strategies of maintaining, improving and ensuring that iSCE continues its excellence through his direction. He sees how our fellow Filipinos can be up-skilled for the coming ASEAN Integration. The Integration is expected to open up and boost investments, create jobs and incomes in the whole region. All member states would then be open to zero import duties for ASEAN products and services by 2015, while all nationals within the state would then be allowed to freely work anywhere in the region without exclusions. Continue reading
Some of our relatives and people we know come home from the mall or the supermarket on a weekend or after payday with bags of goods that they definitely know they don’t need. Whether they admit it or not. Or are you just like them?
There’s a new study that’s saying that there’s a simple solution to this kind of problem and we’re gonna find it out in a bit.
When we visited SM a few months back, a statue of Batman stood firm and tall between the toys’ section and the appliances display area of the department store. It’s as if Batman was saying to SM customers and window-shoppers, “Akong BAThala sa inyo.”
And so we witnessed how many people in the appliances section were talking about buying that fancy P300-salt and pepper shakers on sale when you can actually get the same pair for less than P100 at the public market. Continue reading
Posted in Charity, Community, Education, Family, Investing, Life Lessons, Mind-Setting, Motivation, Personal Finance, Religion, Saving, Volunteerism
Tagged gratitude as key to happines, how to avoid overspending, how to be content, how to be happy financially, how to minimize consumer spending, how to reduce debts
My friend Jess Uy will be dropping by Dubai on August 24 after giving a talk on global investing and insurance in Doha, Qatar a day before.
Since Dubai is the stopover airport of Jess on the way back to Singapore, we decided to organize a small talk in a coffee shop inside the Dubai Airport just like what we do in Manila and Saudi Arabia for those who want to learn about financial planning and investing in a more personal approach.
So if you are based in Dubai or anywhere in the UAE, check out your schedule on August 24 and make sure you book a slot. Remember, this FREE learning session will be held in a coffee shop and we will only accept a limited number of attendees. Continue reading
Posted in Community, Education, Investing, Personal Finance, Saving, Volunteerism
Tagged dubai coaching sessions, financial literacy sessions in dubai, global investing and insurance, how to invest in global funds, philippine global equity fund, singaporean fund company
Our local advocacy group Angat Pilipinas Coalition for Financial Literacy is a dynamic financial literacy mission mainly focused on educating the youth on proper money management, financial planning, and investments.
In the past year, we were able to visit some schools in and around Metro Manila not only to teach the students but to teachers, parents and other school employees as well. We believe that if the elders in school know how to spend and save money, the students will find them as great examples and will do the same as well.
But with the Financial Literacy Act or the House Bill 490 still pending implementation in Philippine schools, we have to know if efforts such as our APCFL’s are giving good results at least in terms of improvement in the youth’s attitude towards money. Continue reading
Posted in Community, Education, Family, Information and Communication Technology, Investing, Personal Finance, Saving, Volunteerism
Tagged financial education philippines, financial literacy act of 2013, financial literacy for the youth, hb 490, house bill 490, philippine financial literacy, senator angara bill
The provinces affected by the storm Yolanda has not yet fully recovered. But another howling hurricane battered the same places and destroyed even more, including Metro Manila. And the saddest thing to know is that a lot of Filipino are not prepared for these natural calamities and a lot are clueless on what to do in the aftermath of these disasters.
For those who are building up their emergency funds, you should know that your contingencies should not only mean “cash” but also other important intangibles and physical preparation. Your emergency funds may not always be enough to make your loved ones feel safer.
In order to prepare you for the worst, here are some realizations and very important steps to take in order to protect your families, keep them safer and prepared before any natural calamity. Continue reading
Posted in Charity, Community, Education, Family, Investing, Life Lessons, Motivation, Personal Finance, Saving
Tagged building up emergency fund, glenda typhoon, how to build emergency fund, how to protect from disasters, where to keep emergency cash